OnlyFans reported strong financial results as it prepares for a potential multibillion-dollar sale, with owner Leonid Radvinsky receiving $701 million in dividends in the latest financial year on top of about $1 billion previously accrued.
Company records show OnlyFans distributed $497 million in dividends to its parent company, Fenix International, in the 2024 financial year, up from $472 million the year before. Radvinsky also received $204 million in five separate payments between December and April.
The UK-based platform posted $1.4 billion in revenue for 2024, a 9% year-on-year increase, while pre-tax profits rose 4% to $683.6 million.
Fenix International entered talks in May to sell OnlyFans for around $8 billion to a consortium led by US investment firm Forest Road Company. Details of the negotiations remain limited, but the company’s results underscore its market value.
User metrics showed further growth: creator accounts rose 13% to 4.6 million and fan accounts jumped 24% to 377.5 million. Subscriber revenue increased from $6.6 billion in 2023 to $7.2 billion in 2024. OnlyFans operates an 80:20 revenue-sharing model that favors creators.
The platform has carved a niche by enabling creators, influencers and celebrities to monetize followers directly, bypassing traditional media channels. It is expanding beyond adult content into areas such as fitness, music and the arts.
Under Radvinsky’s ownership through Fenix International, OnlyFans has prioritized creator retention and scalability, producing steady dividend growth and sustained profitability. The company’s performance positions it for continued expansion and makes any potential sale a notable event in the digital content subscription market.
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